India's Shakti Pumps rises on Q1 profit surge

Shakti Pumps (India)

22/07/2024 05:22

** Shares of Shakti Pumps (India)  SHPU.NS  up as much as 5%
at 4,096.25 rupees 
    ** Co's Q1 consol profit surged to 926.6 mln rupees ($11.1
million) from 10 mln rupees yr ago, rev jumped more than
five-fold y/y
    ** SHPU set to snap three-session losing streak  
    ** YTD stock has surged 300% after 151% jump in 2023 


($1 = 83.6490 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))